Everything, In Retrospect, Is Obvious. But If

It's Such A Pain In The Ass To Write A Book, I Can't Imagine Writing One If I'm Not Interested In The Subject.

The Incentives Are Still Rotten, And People Are Still Paid To Do Things They Shouldn't Be Doing. The Reforms Did Not Really Address The Incentives, The System Is Still Dysfunctional And There Are Still Behavioural Issues That Need To Be Addressed.

Every Form Of Strength Is Also A Form Of Weakness.

Here Was A Strange But True Fact: The Closer You Were To The Market, The Harder It Was To Perceive Its Folly.

Wall Street, With Its Army Of Brokers, Analysts, And Advisers Funneling Trillions Of Dollars Into Mutual Funds, Hedge Funds, And Private Equity Funds, Is An Elaborate Fraud.